Firstpost ·
Trouble brewing at AirAsia? It once wanted to take on IndiGo
AirAsia’s shrinking presence in India and financial pressures are raising questions over the group’s next move as Malaysia weighs its options
Malaysia-based airline group AirAsia could be in for some trouble with the Malaysian government, which is in talks with rival carriers Malaysia Airlines and Batik Air Malaysia, as reported by Reuters. This comes amidst news reports of the airline group looking for renegotiation of their debt and has already announced early retirement of planes.The group is yet to recover from the losses it incurred during the pandemic, with its fuel-price hedging strategy becoming one of the core problems on the financial side.
AirAsia recently placed orders for 150 A220s with Airbus, in a remarkable shift from its mainstay of A320 and A321ceo and neo aircraft. AirAsia had challenged IndiGo on its home turf in India, but it did not quite go the way its other affiliates did.
